Description
Price is bouncing from our Pivot point of 1.22049, which is in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension, ascending trendline support and horizontal graphical overlap, where we could see a potential rise at this level to our first resistance level of 1.22586, in line with 78.6% Fibonacci extension and -27% fibonacci retracement. It is worth noting that price is trending above the Ichimoku cloud, and an ascending trendline which is showing bullish momentum in line with our analysis.
Pivot: 1.22049
Why we like it:
50% Fibonacci retracement, 78.6% Fibonacci extension, ascending trendline support and horizontal graphical overlap
1st Support: 1.21565
Why we like it:
78.6% Fibonacci retracement and ascending trendline support.
1st Resistance: 1.22586
Why we like it:
78.6% Fibonacci extension and -27% fibonacci retracement
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point of 1.22049, which is in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension, ascending trendline support and horizontal graphical overlap, where we could see a potential rise at this level to our first resistance level of 1.22586, in line with 78.6% Fibonacci extension and -27% fibonacci retracement. It is worth noting that price is trending above the Ichimoku cloud, and an ascending trendline which is showing bullish momentum in line with our analysis.
Pivot: 1.22049
Why we like it:
50% Fibonacci retracement, 78.6% Fibonacci extension, ascending trendline support and horizontal graphical overlap
1st Support: 1.21565
Why we like it:
78.6% Fibonacci retracement and ascending trendline support.
1st Resistance: 1.22586
Why we like it:
78.6% Fibonacci extension and -27% fibonacci retracement
Trading FX & CFDs carries high risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.